Albemarle (ALB) Given Daily News Sentiment Rating of 0.11

News coverage about Albemarle (NYSE:ALB) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Albemarle earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news headlines about the specialty chemicals company an impact score of 46.5118225053729 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:

Several analysts have weighed in on the stock. ValuEngine downgraded shares of Albemarle from a “buy” rating to a “hold” rating in a research note on Friday. Deutsche Bank downgraded shares of Albemarle from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Jefferies Group boosted their price target on shares of Albemarle from $156.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Nomura upped their price objective on shares of Albemarle to $159.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Finally, Royal Bank Of Canada upped their price objective on shares of Albemarle from $149.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $128.45.

Shares of Albemarle (NYSE ALB) traded down $2.17 during trading hours on Friday, hitting $132.15. 1,240,091 shares of the stock traded hands, compared to its average volume of 1,234,781. The company has a market capitalization of $14,841.77, a P/E ratio of 33.25, a price-to-earnings-growth ratio of 2.03 and a beta of 1.70. The company has a current ratio of 2.11, a quick ratio of 1.56 and a debt-to-equity ratio of 0.35. Albemarle has a 52-week low of $84.37 and a 52-week high of $144.99.

Albemarle (NYSE:ALB) last announced its quarterly earnings results on Wednesday, November 8th. The specialty chemicals company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. Albemarle had a net margin of 30.07% and a return on equity of 11.61%. The company had revenue of $755.00 million for the quarter, compared to analysts’ expectations of $732.19 million. During the same quarter in the previous year, the company earned $0.91 earnings per share. Albemarle’s quarterly revenue was up 15.4% on a year-over-year basis. equities research analysts expect that Albemarle will post 4.46 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Thursday, December 14th. Albemarle’s dividend payout ratio is currently 16.56%.

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About Albemarle

Albemarle Corporation is a global developer, manufacturer and marketer of highly-engineered specialty chemicals. The Company operates through three segments: Lithium and Advanced Materials, Bromine Specialties and Refining Solutions. Lithium and Advanced Materials segment consist of two product categories: Lithium and Performance Catalyst Solutions.

Insider Buying and Selling by Quarter for Albemarle (NYSE:ALB)

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